Form 4: Aramark Director Greg Creed Receives Deferred Stock Units, Reduces Indirect Holdings

Aramark director Greg Creed received 5,000 deferred stock units and reduced his indirect holdings by 12,475 shares on January 24, 2025.

Summary

• Greg Creed, a director at Aramark, was granted 5,000 deferred stock units on January 24, 2025.
• These deferred stock units will vest the day before the first annual stockholders' meeting after the grant date, contingent on continued service.
• If vested, the units will be settled in common stock on the first day of the seventh month following the director's departure from the board.
• On the same day, Mr. Creed's indirect holdings decreased by 12,475 shares held through a trust.
• Following these transactions, Mr. Creed directly owns 57,025.628 shares and indirectly owns 12,475 shares.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a standard transaction for a company director, with no significant positive or negative implications.

Future Outlook

The deferred stock units will vest and be settled in common stock upon the director's departure from the board, subject to continued service.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company director, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• The granting of deferred stock units to directors is a common practice in publicly traded companies as part of their compensation packages.
• The vesting and settlement terms are typical, often tied to continued service and a future date after departure from the board.
• Similar filings can be seen from directors at companies such as Compass Group, Sodexo, and other large service providers.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in ownership by a director.
• The grant of deferred stock units is part of the director's compensation package.

Next Steps

• The deferred stock units will vest prior to the next annual stockholders' meeting, subject to continued service.
• The units will be settled in common stock on the first day of the seventh month after the director's departure from the board.

Key Dates

Keywords

Aramark, Greg Creed, Deferred Stock Units, Director, Stock Ownership, SEC Form 4, Beneficial Ownership